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To: Z268 who wrote (7676)10/25/2000 10:21:50 PM
From: Dave Gore  Read Replies (3) | Respond to of 14638
 
Look at this from Morningstar. There were HUGE blocks of selling by fund managers that sold today.

Some funds had up to 43% of their assets tied up in optical stocks...ouch. Click below:

One savvy fund manager is buying, though:
news.morningstar.com



To: Z268 who wrote (7676)10/26/2000 8:37:48 AM
From: John F. Dowd  Respond to of 14638
 
Z268: Yes there are multiple camps. They are divided into the leaders and the followers. The Peter Principle is demonstrated in spades in the fund management business. I have a niece who is very sweet and a nice girl but she wouldn't know a photon from a bon bon yet she manages some humongous billion dollar fund. But she is always on top of where the market is going I am sure as she follows the crowd. That is why so few of the funds ever beat the market.JFD


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